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SYSTEMS FOR THURSDAY 16TH JANUARY 2014
Hi all,
Recap ….
Intraday wise …. I banked 0 points in spoos today.
I have 1 short in Ftse, 1 short in Dax, 20 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
We have a KTB2 triggered at close on 14/01/2014.
TODAY IS DAY2.KTS
We have a KTS5 triggered at close on 02/01/2014.
It is now negated after DAY8.SYSTEM BDIP
We have a BDIP triggered at close on 14/01/2014.
TODAY IS DAY2.DAY1… We got a low of -1.50.
DAY2…
DAY3…
DAY4…We have a BDIP triggered at close on 08/01/2014.
It is now negated after DAY4.
DAY1… We got a low of -8.00.
DAY2… We got a low of -6.75.
DAY3… We got a low of -28.25.
DAY4… We got a low of -2.25.We have a BDIP triggered at close on 31/12/2013.
It is now negated after DAY4.
DAY1… We got a low of -24.50.
DAY2… We got a low of -6.00.
DAY3… We got a low of -6.00.
DAY4… We got a low of -1.00.DDUD
None in play.
SYSTEMS TRIGGERED
ESL1 NEXT DAY
GOOD CHANCE OF A -3ESL2
USUALLY GIVES -4/-7ES8B
ES10
DOJI DAY WITHIN A 8 POINT RANGE AND TOWARDS -VE BIAS. ANY GAP UP OPEN SHOULD FILL THE SAME DAY.SPX3B
SHOULD GET +3/+5, -3/-5. DOJI TYPE DAY WITH A CLOSE WITHIN THAT RANGESPX 10C
MORE DOWNSIDE THAN UPSIDE, SHOULD GET -3 POSSIBLY -5. IF TRADE PAST +4 CAN CLOSE POSITIVESpoos closed at 1841.50 (basis Mar)
K+3 = 1844.50
K-3 = 1838.50
Conclusion
We have NO KHC SYSTEMS in play. Also as per ES10 any gap up open should fill the same day.
We have a BDIP DAY2 & KTB2 DAY2 in play.
Plan your trade, trade your plan!
So Wednesday was up with the KTB. Really no surprise there.
So where now?
Plan your trade, trade your plan!
KTB DAY2 can be a rest day. BDIP DAY was very weak so DAY2 can be a -5/-7 day.
Nearly all SYSTEMS mention a -3 and one suggests a gap fill.
Basis that I would we should print a -3 and if we gap up a gap fill also.
For now THE TREND is very much up but we have done the minimum to the upside. Sadly in recent times the minimum has not been enough.
1836/8 is support and that barely satisfies a -5, so no idea if it will happen, but I am hopeful somehow it will and we get a -5/-7 print.
Todays high is 1845.75 so there is a chance that is the figure that will be whipped. If so 1848 is the next resistance area.
I am day short dax and es as posted and will look to exit on a dip tomorrow.
Plan your trade, trade your plan!
I see The House passed a $1.1 Trillion spending bill…. lol they are going to Hell
Trillion gazillion – pah! What’s another trillion when you ain’t never gonna pay it back. “Responsible politicians” lol
All we needed was a chunky recession after tech crash of 2000 but instead they cut rates to zero! kept them there and caused loads more problems. Now it’s at the point where it destabilises the world….scary times….
Its a total joke and really meaningless at this stage.
When it falls it will fall out of the blue
Plan your trade, trade your plan!
Good morning,
wow (sarcastic) I got 4 points profit in my ES short but none in my DAX.
I will run for longer and more towards the targets today
Plan your trade, trade your plan!
No matter what my thoughts of further down, I have to close here basis a -3.
Closed 1844 short at 1838.50 for 5.50 points.
Very pleased with that
Plan your trade, trade your plan!
I would have loved to have taken that short but didn’t wish to risk another underwater.
As mush as the ktb record is so good, I also can’t help thinking of the ms at 1797. I know they can go out a long way first on occassions, but I think they virtually always come in…. without looking I don’t remember an ms going out more than 60 odd pts.
Are there any ms short targets un hit lower down Kman?
I will need to check Dan but I do believe there is one unfilled one (apart from the 1797)
I have to pop out now to get some quotes for damage to my car from the chimney bricks
Plan your trade, trade your plan!
sheeped u on dax, entering later on the bounce and just closed for 25pts.
I would love to keep it but daren’t. lol
Dipping a bit more now, but the worry is a gap fill and more at open. Who knows though….wner was down heavy….
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